TREASURE GLOBAL INC (TGL) Form 8-K — Aug 26, 2026
Treasure Global Inc (TGL) entered into three Software Development Agreements on August 26, 2026 with Mestiz Technology Sdn Bhd, E Argo Digital Sdn Bhd, and Add2Cart Commerce Pte Ltd to design and deliver a Lifestyle Membership and Experience Platform at US$1,000,000 per agreement, or US$3,000,000 in aggregate.
Key figures
- Deal Value Usd
- 3000000
- Agreement term
- Three months from Effective Date (August 26, 2026)
- Liquidated damages
- 2% of applicable Software Development Fees per week of delay, capped at 10% per Phase
- Milestone 2 uat usd
- 400000
- Uat failure threshold
- Termination and full refund within 14 days if acceptance testing fails more than three times
- Milestone 3 go live usd
- 500000
- Confidentiality survival
- Two years post-termination
- Share restriction period
- Six months, subject to Rule 144
- Force majeure termination
- Either party may terminate if Force Majeure exceeds three months
- Post delivery support days
- 90
- Milestone 3 go live usd note
- US$100,000 upon go-live; third milestone of each US$1,000,000 agreement
- Milestone 1 effective date usd
- 500000
- Aggregate first milestone due usd
- 1500000
- Software development fee per agreement usd
- 1000000
Price after filing
1 day: +17.8%7 days: +16.4%30 days: -0.5%
Close on the filing date to close N calendar days later (from $2.14). Historical, not a forecast.
AI analysis
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